The upside can be attributed to NICE's strong growth prospect. It boasts an innovative portfolio with growing adoption of solutions like Actimize, Evidencentral, Inform Elite and CXone. The company's focus on its cloud offerings, particularly its CXone platform, has been a major growth driver. NICE's efforts to enhance its customer base on the back of its robust cloud solutions is a key catalyst. It has more than 25K customers with more than 85% of Fortune 100 customers. Robust Portfolio Boosts NICE's Prosp ...

Investors interested in stocks from the Internet - Software sector have probably already heard of Nice (NICE) and BlackLine (BL) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Nice has a Zacks Rank of #2 (Buy), while BlackLine has a Zacks Rank of #3 (Hold) right now. This means that NICE's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, va ...

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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Of the 15 recommendations that derive the current ABR, 14 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 93.3% and 6.7% of all recommendations. While the ABR calls for buying Nice, it may not be w ...

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. NICE currently has a forward P/E ratio of 15.25, while BL has a forward P/E of 21.78. We also note that NICE has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BL currently has a PEG ratio of 2.75. Another notable valuation metric for ...

A downtrend has been apparent in Nice (NICE) lately with too much selling pressure. The stock has declined 13.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 28% of all industries, numbering over 250. Nice (NICE) closed at $164.67 in the latest trading session, marking a +0.02% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.18%. Shares of the software company have depreciated by 13.39% over the course of the ...

Core Viewpoint - NICE has shown signs of a potential trend reversal after a recent downtrend, supported by both technical and fundamental indicators [3][4]. Group 1: Technical Indicators - A hammer chart pattern was formed in NICE's last trading session, indicating that bulls may have countered the bears, suggesting a potential bottom and subsiding selling pressure [3]. - The hammer pattern is characterized by a small candle body and a long lower wick, which signals a possible reversal in a downtrend [1]. Group 2: Fundamental Indicators - There has been an upward trend in earnings estimate revisions for NICE, which is a bullish indicator correlated with near-term stock price movements [2]. - The consensus EPS estimate for NICE has increased by 0% over the last 30 days, indicating strong agreement among analysts about the company's potential for better earnings [2]. - NICE holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [2].

Nice (NICE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the projectio ...

Core Viewpoint - Nice is enhancing its position in the customer experience (CX) market through innovative AI-driven solutions and a strong portfolio, which is expected to drive revenue growth and improve competitive standing. Group 1: Financial Performance - In Q1 2024, Nice reported cloud revenues of $468.4 million, reflecting a 27% year-over-year increase [2] - For Q2 2024, Nice projects non-GAAP revenues between $657 million and $667 million, indicating a 14% growth at the midpoint from the previous year [6] - Non-GAAP earnings are estimated in the range of $2.53 to $2.63 per share, suggesting a 21% rise at the midpoint from the prior-year figures [14] Group 2: Product Development and Innovation - Nice launched CXone Mpower, the world's first and only CX-aware AI platform, designed to meet the growing demand for comprehensive CX AI solutions [8][9] - The introduction of 1CX, a Unified Communications as a Service solution integrated with the CXone platform, aims to enhance organizational communication and productivity [11] Group 3: Competitive Landscape - Nice's expanding portfolio is helping it fend off competition from industry players like Five9, Salesforce, and 8X8, who are also enhancing their CX offerings [3] - Five9 has announced a collaboration with Salesforce to integrate AI-powered solutions for improved customer experiences in contact centers [12] Group 4: Market Valuation - Nice is trading at a forward 12-month P/E of 15.46X, significantly lower than the Zacks Internet Software industry's 34.46X, indicating potential undervaluation [7] - Despite a year-to-date share decline of 12.3%, Nice's growth prospects remain strong due to its robust cloud solutions [5][13]